MODE, a company specializing in AI-powered building data and energy management, has announced it has secured $5.1 million in new funding from investors. This significant capital infusion marks a pivotal moment for the company as it continues to advance its intelligent solutions designed to optimize building operations and drive sustainability across the commercial real estate sector.
MODE's AI-powered platform redefines how building data and energy are managed by consolidating information from all disparate building systems into one cohesive and intelligent solution. Through its intuitive AI Assistant, building managers gain the ability to deeply analyze utility data, precisely identify inefficiencies, and automate a wide range of repetitive tasks. This comprehensive functionality not only helps optimize building systems to enhance overall performance and occupant comfort but also offers the potential to achieve substantial energy cost savings, often up to 20%, alongside improved operational efficiency. The platform is engineered for seamless integration with existing infrastructure and features a scalable architecture, ensuring long-term adaptability to evolving technologies and future-proofing building operations.
The newly raised capital is strategically earmarked for accelerating MODE's development roadmap and significantly expanding its market reach. The company plans to invest heavily in further enhancing its core AI capabilities, scaling its integration with an even broader array of diverse building systems, and growing its expert team to meet the increasing demand for its innovative solutions. This funding round clearly underscores investor confidence in MODE's proven ability to deliver measurable cost savings, tangible operational efficiency, and robust support for sustainability compliance results for its clients.
With this substantial investment, MODE is now exceptionally well-positioned to further its mission of empowering building owners and managers to drive unparalleled efficiency, achieve significant cost savings, and meet critical sustainability goals in an increasingly complex environment. The company anticipates continued robust growth as it expands its transformative value proposition across the global building management industry.
